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Build & renovate

Conventional construction loan

The short answer Conventional construction financing ties a home build to a conventional permanent mortgage, using a one- or two-closing structure when available. Your eligibility, the builder and project, the lot, the appraisal, and completion requirements all matter. A lender's ability to fund construction is separate from the agency rules for the finished mortgage.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • You plan to build a home and want a conventional mortgage when it is finished.
  • You own a lot, or plan to buy one, and want to understand how its value may count.
  • You have a builder and plans, or are close to choosing them.

Tradeoffs to weigh

  • Construction programs and builder rules vary by lender.
  • Acting as your own builder is lender-specific and often limited.
  • Land equity may help, but only within the specific loan rules and appraisal.
  • Cost overruns and delays can create extra cash needs.

What to have ready

  • Whether you own the lot, and what you owe on it if anything.
  • Your builder (or whether you plan to build it yourself).
  • House plans and the estimated budget.
  • Your preferred structure: one closing or two.
  • A general picture of your income, debts, and savings.

Questions people ask

Can my land equity count toward the project?

It may, depending on ownership, the appraisal, and the specific loan rules.

Can I act as my own builder?

That depends on the lender. Confirm it before you commit to a construction plan.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Start my applicationTalk to Marcus

Related topics

One-time-close construction loan Two-time-close construction loan FHA construction loan VA construction loan Construction takeout financing FHA 203(k) Limited See the loan programs All topics

Sources

Official program and consumer sources this page is based on. Lender rules can be stricter than these.

Marcus Wright
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Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

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I aim to get back to you within a few working hours, often sooner.

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  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
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(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

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I aim to get back to you within a few working hours, often sooner.

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